Geopolitics Alpha

Pound Holds Firm Above 1.3400 On Hot UK Inflation Data

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GEOPOLITICS ALPHAPound Holds Firm Above 1.3400 OnHot UK Inflation DataGEOPOLITICS ALPHA

The GBP/USD pair was modestly firmer near 1.3405 in early Asian trade on Friday, with the Pound edging higher against the Dollar after a hotter UK September Consumer Price Index (CPI) reading boosted expectations for a more aggressive policy stance from the Bank of England

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond-1.8%

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond-0.9%

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond-0.3%

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500+1.6%

    Stocks move when the Fed changes the rate path

  • JPM JPMorgan Chase-4.3%

    Bank profits move with lending and interest rates

  • BAC Bank of America-18.8%

    Bank profits move with lending and interest rates

  • GS Goldman Sachs-8.5%

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR-3.9%

    A fund of financial companies

  • KRE SPDR S&P Regional Banking-4.4%

    Regional banks are sensitive to interest rates

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT-2.07%-1.97%baseafter closeafter closeafter closeafter close
IEF-0.86%-1.06%baseafter closeafter closeafter closeafter close
SHY-0.17%-0.26%baseafter closeafter closeafter closeafter close
SPY-0.09%+0.66%baseafter closeafter closeafter closeafter close
JPM+0.94%-0.37%baseafter closeafter closeafter closeafter close
BAC+0.26%-0.84%baseafter closeafter closeafter closeafter close
GS-1.19%-0.72%baseafter closeafter closeafter closeafter close
XLF-2.05%-1.68%baseafter closeafter closeafter closeafter close
KRE-3.51%-2.40%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Pound Holds Firm Above 1.3400 On Hot UK Inflation Data TradingPedia

Source: TradingPedia

This story

CompanyWhenMoveStatus
BACthree days earlier-0.84%final price
BACfive days earlier+0.26%final price
GSthree days earlier-0.72%final price
GSfive days earlier-1.19%final price
IEFthree days earlier-1.06%final price
IEFfive days earlier-0.86%final price
JPMthree days earlier-0.37%final price
JPMfive days earlier+0.94%final price
KREthree days earlier-2.40%final price
KREfive days earlier-3.51%final price
SHYthree days earlier-0.26%final price
SHYfive days earlier-0.17%final price
SPYthree days earlier+0.66%final price
SPYfive days earlier-0.09%final price
TLTthree days earlier-1.97%final price
TLTfive days earlier-2.07%final price
XLFthree days earlier-1.68%final price
XLFfive days earlier-2.05%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Pound Holds Firm Above 1.3400 On Hot UK Inflation Data” looks

12 out of 100

“Pound Holds Firm Above 1.3400 On Hot UK Inflation Data” scores 12 out of 100. The score uses 1 sources.